By Patrick Obia Bayelsa State has received NGN27 billion as part of refund from the Federal Government for federal projects it stepped in to salvage while Cross River, two others are yet to smile to the bank. Alongside Cross River State, Ondo, and Osun are yet to be reimbursed by the Federal Government for salvaging
By CrossRiverWatch Admin “As a registered political party that is concerned about accountability and judicious application of public resources in Nigeria and Cross River State in particular, we demand the State Governor, Senator Ben Ayade to confirm to Cross Riverians and Nigerians that; “1. The State has received its share of Value Added Tax which
By CrossRiverWatch Admin The Cross River State Government last weekend received NGN5.4 billion from the Federal Government as its accumulated share of Value Added Tax (VAT) for the years 2015 to 2018, sources in the Central Bank of Nigeria CBN, have exclusively disclosed to CrossRiverWatch. VAT is a tax levied on goods and services consumed.
By Jonathan Ugbal Information made available to CrossRiverWatch from the Federal Ministry of Finance, shows that Cross River State has received the final tranche of the Paris Club refund since March 2019. The refunds are for the over deductions made over a period of seven years and Finance Minister, Mrs Zainab Ahmed, in a recent
By Jonathan Ugbal The Cross River State Government will spend about NGN3 Billion for the 2017 Carnival Calabar and Festivals sources in Government House say. A breakdown of the figure shows that the five competing banks in the Carnival alone will share NGN500 million at NGN100 million apiece as subvention while the Governor’s band also
By Jonathan Ugbal The Economic and Financial Crimes Commission has opened a fresh probe into how the Cross River State Government spent its Paris Club loan refund. Bauchi, Delta and Nassarawa states are also being investigated, a detective at the EFCC told the PUNCH. The state had received NGN11,300,139,741.28 out of the over NGN500 billion
By Jonathan Ugbal The Cross River State Government is yet to pay retirees and serving civil servants, pension, gratuities and salary arrears with the second tranche of the Paris Club refund, a survey by the News Agency of Nigeria reveals. The survey was carried out for the 22 states that applied for the refund of
By Jonathan Ugbal The Cross River State Government says it has not paid a dime to any consultant as fees for aiding in the collection of the Paris Club Refunds. The Commissioner for Finance, Asuquo Ekpenyong Jr told this correspondent in a telephone conversation that all the monies collected were applied for the payment of